Reconciliations Executive

A fantastic opportunity has arisen for a Reconciliations Executive to join a leading independent provider of specialist finance services to businesses.

The successful candidate will be responsible for a portfolio of Invoice Discounting Reconciliations. Duties include reconciling and balancing sales ledgers and preparing month end reconciliations, new client ledger administration and managing reserves and overdue payments.

Key Responsibilities:

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• Proactively manage all aspects of the client month end Reconciliation process across an individual portfolio of confidential and disclosed invoice discounting clients.
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• Individual portfolio of up to 80 clients.
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• Monitor client ledger performance and report adverse trends to Relationship team.
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• Ensure timely completion of client reconciliations monthly ensuring CBF reserves are held in accordance with policy and clients are compliant with covenants.
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• Prioritise completion of high risk graded clients in line with the Month End Reconciliation.
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• Conduct a thorough review of Bank statements reporting any concerns to the Relationship team.
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• Report any material concerns or reserves to the Relationship team.
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• Attend and Contribute to the Client Portfolio Review meetings on an ad hoc basis and voice any material concerns.
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• Provide assistance to the wider Relationship team as and when required.
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• Maintain thorough records and provide necessary feedback and reporting to Head of Portfolio Management and Relationship Managers.
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• Maintain delivery of a high-quality service to clients.
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• All activity is undertaken within the scope of overseeing the maintenance of the collateral being funded.
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• Understand the wider Bank’s products and services, and proactively identify and action sales opportunities in order to best meet customer needs.
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• Adherence with the Bank’s AML policies and procedures, with vigilance at all times of the conduct of customers and debtors.
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In return you can expect a competitive basic salary, bonus and a good range of additional benefits.